In late 2016, FIA embarked upon a project of updating, streamlining and creating a state-of-the art industry standard suite of clearing documentation for exchange-traded and cleared OTC derivatives. This series of FIA breakfast briefings aims to present the work that has already been done and the documents that are close to being finalised, as well as discuss the FIA legal opinions. The first session will focus on the 2017 Regulatory Patch which was published in June 2017, the second session will outline main changes and concepts in the 2017 Terms of Business and the third session will discuss various FIA legal opinions.

Who should attend?In-house regulatory and documentation lawyers at sell-side and buy-side firms, external counsel, consultants and regulators.

FIA Legal Opinions

FIA in Europe maintains a library of legal opinions for regulatory capital and accounting purposes. The opinions range from netting, collateral and CCP opinions to CRR Article 305 opinions and IAS 32 opinions. We have recently started updating a number of our opinions and this briefing will focus on the scope and structure of the various FIA opinions, with particular focus on the netting and collateral opinions that are currently being updated and which will be brought on new netting and collateral opinion templates. The concept of Core Provisions and Non-Material Amendments will be explained. The opinions will also be put in the context of the European Capital Requirements Regulation (CRR).